Lukashenko explains the rise in prices by external factors

BOBRUISK, June 17 (BelTA) — Rising prices are mainly due to external factors, and no one is allowed to profit from them, Belarusian President Aleksandr Lukashenko said in an interview with Belshina company staff at Bobruisk, BelTA learned.

The Head of State pointed to the ongoing redrawing of the world that began during the coronavirus pandemic. Belarus successfully overcame the pandemic by following its own COVID-19 response strategy. This strategy has proven to be right, unlike the strategies of many countries that have introduced massive lockdowns. “When they took stock of the results, some in the West started crying,” the Belarusian leader said.

The coronavirus, strict quarantine and rising healthcare costs have dealt a severe blow to the economies of a number of countries, and they have found nothing better than to start printing new banknotes. “Remember, I warned you that it would end badly. Dollars were printed in trillions, which led to runaway inflation on all sides,” noted Alexander Lukashenko. “Of course, we were also affected by this. If the price of metal and raw rubber increases abroad, the products we make from them will also become more expensive. Therefore, external inflation has also seriously affected us. We resisted, we try to keep prices as low as possible, because it is impossible to freeze prices. If we freeze tire prices, Belshina will suspend operations the next day and will not make a profit. No one is allowed to take advantage of the situation to line their pockets, neither private companies nor public companies. Therefore, you must understand well: many things do not depend on us. High prices come to us from abroad, because we buy a lot of raw materials and we also export the bulk of the products,” the president added.

Shirlene J. Manley